HOUSE BILL 1439

File Code: Operating Budget

Sponsored By:

Delegates James, Bohanan, Clagett, and Gaines

Entitled:

Operating Budget - Capital Gains Tax Revenue - Appropriation to Revenue Stabilization Account

Synopsis:

Requiring the Governor to include in the budget bill for each fiscal year a specified appropriation to the Revenue Stabilization Account if State income tax revenue from capital gains exceeds $500,000,000; and providing that the appropriation of specified State income tax revenue from capital gains to the Account shall be in addition to other required appropriations to the Account.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.

House Action

3/2

First Reading House Rules and Executive Nominations

3/13

Re-referred Appropriations

3/14

Hearing 3/28 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Mary-Dulany James, District 34A

Delegate John L. Bohanan, Jr., District 29B

Delegate Galen R. Clagett, District 3A

Delegate Tawanna P. Gaines, District 22

Bill indexed under the following Subjects:

Appropriations

Income Tax

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Bill affects the following Statute:

State Finance and Procurement

( 7-311 )

Documents

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered